ANGELISA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ANGELISA
Largest movements
- Cash +€3,799
up €3,799 (+41.5%), from €9,146 to €12,945
mainly Net result for the year (+€3,011) and Depreciation (+€2,631)
- Tangible fixed assets -€2,631
down €2,631 (-47.6%), from €5,530 to €2,899
- Profit (loss) carried forward +€3,011
up €3,011 (+26.8%), from -€11,239 to -€8,228
- Trade debts -€1,277
down €1,277 (-69.2%), from €1,845 to €568
- Tax, wage and social debts -€874
down €874 (-19.8%), from €4,415 to €3,541
- Gross operating margin +€7,208
up €7,208, from -€563 to €6,644
- Depreciation -€626
down €626 (-19.2%), from €3,257 to €2,631
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,123 | €21,128 | +€1,006 | +5.0% |
| Fixed assets | 21/28 | €8,676 | €6,045 | -€2,631 | -30.3% |
| Tangible fixed assets | 22/27 | €5,530 | €2,899 | -€2,631 | -47.6% |
| Plant, machinery and equipment | 23 | €1,781 | €891 | -€891 | -50.0% |
| Furniture and vehicles | 24 | €3,163 | €2,008 | -€1,155 | -36.5% |
| Other tangible fixed assets | 26 | €585 | - | -€585 | |
| Financial fixed assets | 28 | €3,146 | €3,146 | = | 0.0% |
| Current assets | 29/58 | €11,447 | €15,084 | +€3,636 | +31.8% |
| Stocks and contracts in progress | 3 | €2,301 | €2,139 | -€163 | -7.1% |
| Stocks | 30/36 | €2,301 | €2,139 | -€163 | -7.1% |
| Cash at bank and in hand | 54/58 | €9,146 | €12,945 | +€3,799 | +41.5% |
| Total equity and liabilities | 10/49 | €20,123 | €21,128 | +€1,006 | +5.0% |
| Equity | 10/15 | €7,452 | €10,463 | +€3,011 | +40.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91 | €91 | = | 0.0% |
| Distributable reserves | 133 | €91 | €91 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,239 | -€8,228 | +€3,011 | +26.8% |
| Amounts payable | 17/49 | €12,671 | €10,666 | -€2,005 | -15.8% |
| Amounts payable within one year | 42/48 | €12,671 | €10,666 | -€2,005 | -15.8% |
| Trade debts | 44 | €1,845 | €568 | -€1,277 | -69.2% |
| Suppliers | 440/4 | €1,845 | €568 | -€1,277 | -69.2% |
| Taxes, remuneration and social security | 45 | €4,415 | €3,541 | -€874 | -19.8% |
| Taxes | 450/3 | €4,415 | €3,541 | -€874 | -19.8% |
| Other amounts payable | 47/48 | €6,411 | €6,557 | +€146 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,257 | €2,631 | -€626 | -19.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€563 | €6,644 | +€7,208 | |
| Operating profit (loss) | 9901 | -€4,207 | €3,614 | +€7,821 | |
| Financial charges | 65/66B | €608 | €603 | -€5 | -0.9% |
| Recurring financial charges | 65 | €608 | €603 | -€5 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,816 | €3,011 | +€7,827 | |
| Profit (loss) for the period | 9904 | -€4,816 | €3,011 | +€7,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,816 | €3,011 | +€7,827 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.